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Mortgage Rate Update 8 22 14

By Stevie Duffin Updated on 8/22/2014

There's little to no economic news due today that could move the bond market, and Yellen's speech at Jackson Hole didn't inspire much of a change either. Keep eyes on Ukraine headlines and trading for mortgage interest rate levels. 

Yesterday: Stronger than expected economic data bolstered mortgage bond weakness. Existing Home Sales hit a high in July, topping June by 2.4 percent. Good news, despite being under year-over-year by 4.3 percent. The Philadelphia Fed business outlook was similarly optimistic; the index rose to 28 from 23.9 in July, blowing expectations for losses out of the water. Rates dropped slightly by end of day. 

Bookmark this page for daily mortgage interest rates and market updates.

  • 30 year (FRM) rates at 4.17% (-0.01).
  • 15 year (FRM) rates at 3.30% (-0.01).
  • FHA 30 year Fixed rates at 3.75% (0.00).
  • Jumbo 30 year Fixed rates at 4.06% (-0.02).
  • 5/1 ARM rates at 3.24% (-0.02).

Displaying rates for Mortgage Refinance in CA for $200,000

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About The Author:
Stevie Duffin
Stevie is the Senior Editor at Lender411. She manages the site's Authorship Program and social media pages. Stevie graduated from UC Santa Barbara with a BS. Contact her: stevie@lender411com.

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